Core Alternative Capital Has $163,000 Position in Comcast Co. (NASDAQ:CMCSA)

Core Alternative Capital reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,344 shares of the cable giant’s stock after selling 500 shares during the period. Core Alternative Capital’s holdings in Comcast were worth $163,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Koshinski Asset Management Inc. grew its stake in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares in the last quarter. Taurus Asset Management LLC boosted its stake in shares of Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in shares of Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares in the last quarter. Finally, Arvest Investments Inc. boosted its stake in shares of Comcast by 1.0% in the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after purchasing an additional 268 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Barclays reduced their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Citigroup reduced their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group dropped their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.13.

Comcast Price Performance

CMCSA opened at $34.47 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. The company has a market capitalization of $130.33 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 1.69 and a beta of 1.00. The firm’s fifty day moving average price is $37.71 and its two-hundred day moving average price is $39.88. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is 31.81%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.